The prices in real estate in Morehead City, in the North Carolina region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Morehead City has increased during the last 6 months. In October, the average price per sq.feet was $285. In November this price pretty much remained the same at a value of $293 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $289 to $297.5 per sq.feet. The price per sq.feet has had a considerable increase of 121 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $293.25 to $353.5 during February, and March.
Based upon to the price in Morehead City (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $516,775. In November This price remains at $518,044. During the following two months (December, January) the price has had an average incrementation from $517,409.5 to $562,277.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $653,787 they are 69 % more affordable than the average price for Morehead City. The properties with the lowest average price have 3 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 4 bedrooms priced at $513,141.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $229 / sq.feet, with an average $373 / sq.feet price in Morehead City. The properties with the lowest average prices have 1 bedroom. They are 0 % cheaper than the average followed by properties with 3 bedrooms with a price at $289 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $653,787 it is 61 % cheaper than the average price in Morehead City. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $480,693 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $142 / sq.feet followed by "Townhouse" priced at $167 / sq.feet. "Detached House" is the cheapest type of property with a $290 / sq.feet value followed by "House" with an average price of $253 / sq.feet.